PRECIOUS METALS | Gold Trading Resumes After Lunar New Year Break

Gold trading in Hong Kong will be suspended from today until Thursday for the Lunar New Year holiday, resuming on Friday. According to RTHK, gold prices in the Year of the Snake saw an increase of over 81%. Ng Wing-han, CEO of King Fook Holdings, noted in an interview that recent gold price fluctuations have led some investors to adopt a wait-and-see approach. However, she emphasized that gold remains an ideal asset due to macroeconomic factors such as the U.S. dollar's performance and geopolitical influences. Ng also highlighted strong demand for gold products as the Lunar New Year approaches, describing the overall industry growth as healthy. She mentioned that consumer demand for gold related to weddings and personal use is robust. The company plans to develop products that combine craftsmanship with investment value, anticipating stable growth in gold demand in the Year of the Horse.